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Retail Opportunity Investments Corp. (ROIC) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Retail Opportunity Investments (ROIC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Retail Opportunity Investments (ROIC) came out with quarterly funds from operations (FFO) of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.27 per share a year ago.

Retail Opportunity Investments is a West Coast-focused REIT with strong fundamentals and a solid portfolio of grocery-anchored shopping centers. Despite a drop in valuation, ROIC maintains high occupancy rates and investment-grade credit ratings. The company offers a 5%+ yield and potential for growth, making it a good alternative for investors seeking diversification and West Coast exposure.

Retail Opportunity Investments Corp. stock has underperformed the Vanguard Real Estate Index ETF in the past year. It owns shopping center properties along the West Coast with a high leased rate, and the majority of tenants are e-commerce resistant. ROIC is materially undervalued compared to both its historical valuation as well as that of its peers.

Retail Opportunity Investments Corp. (NASDAQ:ROIC ) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Lauren Silveira - Chief Accounting Officer Stuart Tanz - Chief Executive Officer Richard Schoebel - Chief Operating Officer Michael Haines - Chief Financial Officer Conference Call Participants Juan Sanabria - BMO capital Markets Craig Mailman - Citi Wesley Golladay - Baird Dori Kesten - Wells Fargo Securities Michael Mueller - JPMorgan Linda Tsai - Jefferies Paulina Rojas Schmidt - Green Street Todd Thomas - KeyBanc Capital Markets Operator Welcome to the Retail Opportunity Investments Third Quarter 2023 Conference Call. Participants are currently in a listen-only mode.

Retail Opportunity Investments (ROIC) came out with quarterly funds from operations (FFO) of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.27 per share a year ago.

Retail Opportunity Investments is capitalizing on strong demand for grocery-anchored shopping centers. Q2 results built atop new records just achieved in the first quarter. Investors have rewarded ROIC with market-beating returns since my last update on the stock.

Retail Opportunity Investments (ROIC) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.28 per share a year ago.

SAN DIEGO, June 12, 2023 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC) will issue financial and operational results for the second quarter ended June 30, 2023, after the market closes on Tuesday, July 25, 2023. The Company will conduct a conference call and audio webcast on Wednesday, July 26, 2023, at 12:00 p.m. Eastern Time / 9:00 a.m. Pacific Time.